Market Synopsis

Specialty Films are modified plastic films that are either coated, metalized, or with additives to impart special functionality and provide resistance to water, scratches, high temperatures, abrasions, tear, corrosion, and chemicals, among others. In addition, Specialty Films are biodegradable and possess high tensile strength. Owing to the aforementioned properties, Specialty Films are applicable in the automotive, packaging, construction, food & beverage, healthcare, aerospace, electronics, cosmetics and personal care, and furniture industries, among others. Furthermore, these films are used in the agricultural industry for the protection and storage of silage, hay, and maize.

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The rising demand for Specialty Films in the packaging industry is likely to drive market growth during the forecast period. Specialty Films are mainly used in the packaging of food and industrial products. The expanding population and increased consumption of packaged food products are the key drivers for the growth of the specialty films market. Moreover, Specialty Films are used in the packaging and transportation of sensitive electronics goods, metal parts and components, and paints and chemicals, among others. In addition, these films are used in the agricultural sector as grain and silage covers and fumigation films to maximize crop yield. The rising per-capita income of farmers and growing attention on crop protection is expected to fuel product demand. Furthermore, rapid urbanization and increased construction in Asia-Pacific is likely to drive the growth of the specialty films market in the region.

Market Segmentation

The Global Specialty Films Market has been classified based on type of Film, Material, End-Use Industry, and Region.

Based on Type of Film, the Global Specialty Films Market has been segmented into barrier, decorative, microporous, antimicrobial, protective, and others.

On the Basis of Material, the Global Specialty Films Market has been segregated into polyester, fluoropolymer, polyamide, polyolefin, polycarbonate, and others.

Packaging, automotive, construction, aerospace, food & beverage, electronics, personal care and cosmetics, and others are the major End-Use Industry segments of the Global Specialty Films Market.

The Global Specialty Films Market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the Global Specialty Films Market. Asia-Pacific accounted for the largest share of the Global Specialty Films Market in 2017. This can be attributed to the expanding population and growing packaging industry in the region. The use of specialty films in food packaging is largely influenced by the increased consumption of packaged food products in the region. The increased use of Specialty Films as moisture and vapor barriers during construction is expected to fuel market growth in the coming years. China, Japan, and India are the major economies contributing to the growth of the regional market owing to the rapid growth in domestic consumption and consistent growth in GDP.

North America and Europe are the other significant markets for Specialty Films. The US is projected to be the leading market for specialty films in North America. This can be attributed to the use of biodegradable packaging films and advancements in the packaging and automotive industries. The European Specialty Films Market is expected to grow at a significant rate due to increased use in windshields, sunroofs, rear-view windows, and other non-optical applications in the automotive industry.

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